EN 
CN 
DOW30
Bias: Bearish
We look to Sell a break of 34557 with target prices of 34236 and 34000, and a stop price of 34674
Confidence: 60%
Technical Analysis
- Price action has posted a Doji candle and is neutral for short-term sentiment
- A break of bespoke support at 34563, and the move lower is already underway
- News events could adversley affect the short term technical picture
- We look for losses to be extended today
NASDAQ
Bias: Bullish
We look to Buy at 14579 with target prices of 15023 and 15202, and a stop price of 14411
Confidence: 40%
Technical Analysis
- Preferred trade is to buy on dips
- Previous support located at 14600
- 20 1day EMA is at 14509
- There is scope for mild selling at the open but losses should be limited
US500
Bias: Bearish
We look to Sell at 4586 with target prices of 4511 and 4465, and a stop price of 4615
Confidence: 60%
Technical Analysis
- Previous support at 4590 now becomes resistance
- Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible
- We continue to expect further gains to be limited and look to set shorts for a further drive lower within the channel
- Further downside is expected although we prefer to sell into rallies close to the 4586 level
Trading ideas at a glance.
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